Hi everyone! I'm going to be as to he point as possible so you don't have to read my sob story. .I live in Minnesota. I rent a property from a friend of mine. There has only been a verbal rental agreement between the ...

So I'm interested to get some feedback and guidance on an delicate issue I have right now. I put a property under contract and it so happened to be one that was vacant for 3 yrs and the sellers were still moving pers...

I recently found out that a property for which I am under contract has a recently evicted tenant. They left a lot of stuff around the house and in the tool shed and have been sent the Abandoned property and right to r...

I am putting together a P&L for an application for finance reasons. I work for myself, and for that reason and also as a landlord in addition to federal tax returns I am required to file a P&L statement. They ...

I've got a good/bad tax problem and I'm looking for some advice:My wife and I bought a rental property in 2015 for $275k (no LLC, purchased directly in our name, so technically a partnership).  We put about $25k into ...

Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...

I own a rental property. Over time, I have purchased various items for the rental property and taken tax deductions when I did so. For example, I purchased a lawn mower for the rental that tenants cut with. I have pur...

I just received my FIRST social security check! Only $704 because I didn't pay enuff taxes over the 42 years of filing returns.
Anyway, I took the retirement early and this is what I receive each month. Wifey and I d...

In August we closed on an 8 unit property and inherited the tenant base. Most of these tenants would have never passed our screening process and we intended to proceed with non-renewals as leases expired. C property i...

Hello Friends,I am new to this forum and somewhat new to purchasing foreclosed properties (2 years).  I recently purchased a property at a courthouse foreclosure auction in Maryland.  The property is vacant but I foun...